Choosing an Accountant or Tax Advisor

Choosing your business accountant or tax advisor is an important decision. Tax advisors North Wales are professional and experienced in giving expert tax advice to business in a number of different sectors.  It is good to note, if you have never used a tax advisor before that anyone can call themselves an accountant or tax advisor whether or not they have professional qualifications or not. There are some non-qualified advisors who may have the necessary experience to help you, but professionally qualified accountants and tax advisors have completed the relevant qualifications and will be regulated by their professional body.

Professionally accredited advisors will have achieved a qualification comprising of knowledge, work experience and ethics. They also keep their skills fresh and up-to-date through continuing professional development and make an annual statement to their professional body that they have done so; they are also required to hold Professional Indemnity Insurance. North Wales tax advisors are professionally accredited and are able to provide quality tax advice.

What to Look for in an Accountant or Tax Advisor

  • For tax advice, check that the firm has the relevant expertise to provide the type of advice that you and your company is looking for.
  • Do you want them to have experience dealing with clients in the same trade sector as your business?
  • Do they provide all the services that your business requires? If you require investment, audit or insolvency advice, ensure that the accountant is authorised to undertake that work.
  • Do they have a good reputation?
  • What qualifications do they have? Are those qualifications appropriate for your specific business needs

Making Contact

It is wise to spend a considered amount of time finding the right tax advisor; take a look at lots of different firms before committing to one. Contact a few firms and arrange to meet with those that make it onto your short list; this is the best way to get a feel for how it would be working with them. Check whether they are able to offer all the services your business currently needs, and any it might need in the future. It is also good to find out who in the firm would be your point of contact; and always check prior to any meetings if there is a cost involved, as some might incur charges.


Establish the basis of fees and when they will be payable from the beginning, ask for an estimate. The advisor might want to see your accounting records if business account preparation is amongst the services they will be providing you with – there will be additional charges for preparing VAT returns or running a company payroll.

Always remember, any work that you can do yourself can help to minimise charges. If you are thinking of investing in an accounting software package, discuss this with your advisor to make sure that the software will be compatible with their – this will help save time and unnecessary fees.

After Appointing your Advisor

You should receive a letter detailing what your advisor will and won’t be doing for your business, and the terms of your engagement. The advisor should keep in regular communications with you, not just a courtesy phone call at the end of the year. You need to keep your accountant up-to-date with any personal or business circumstance changes. After the annual accounts or tax return has been completed, your advisor should be in touch to let you know you future tax liabilities. Make sure to keep reviewing your advisor’s charges to ensure that they are still providing all the necessary services that your business needs.